***** Currency change the decision to get rid of fraud and signing Shabibi

2014/05/08 |


BAGHDAD / Wi-News

Counterfeit currency and circulation in the Iraqi market and the signing of former central bank governor things pushed the Iraqi government to take the decision to issue new currency, underlining specialists counterfeit currency trading as normal, because of the difficulty of detection accuracy rigged.

A source in the department issuing the currency in the Iraqi Central Bank, "The Iraqi government's decision to change the currency came against the backdrop of warnings from experts and officials in the government of the existence of counterfeit currency," noting that "the decision is partly due to a very rid of the signing of former Fed governor Sinan al-Shabibi supplements judicially. "

He added that "there are other reasons for the decision, including the inability of the banking authorities to convince their customers to resort to handle mail and replacing the cash handling bank cards, as well as the introduction of coins of the largest categories of 50 thousand and 100 thousand dinars."

And saw the Iraqi market since the middle of last month traded for the new currency, sealed b edition in 2014, carries some specifications of the previous currency as a class of 250, 500 and 1,000 dinars, with minor changes, the most important of lifting the signing of former Fed governor and replacing it with circles, despite the tightening of shopkeepers The banking offices and banks to ascertain the type of currency to detect counterfeit ones, but most attempts styles and setups in the detection process failed because of the accuracy of counterfeit currency.

The advantage of mafias forgery feature transform huge amounts of money are pumping large amounts of counterfeit currency and withdraw real, where control is weak control in this period, as happened in 2004, when was replaced by 13 million dinars (11 million dollars), and was sentenced to staff the Central Bank of the time in prison for years.

According to the deputy governor of the Central Bank of the previous appearance of Mohammed Saleh, the "phenomenon Alenzuer is a global problem afflicting even some countries stable and sophisticated banking and security," adding that "the reason for the escalation of the problems of circulation of counterfeit currency is due to several reasons, including increased salaries and commercial traffic unbridled, and most importantly rejected Iraqi citizen so far to deal with the means of modern banking, credit and other Kptaqat, and even large transactions such as the purchase of real estate, cars, etc., which are still conducted in cash. "

For his part, director of beauty banking and foreign remittances beauty Ojaili that "counterfeit currency circulating in the Iraqi market, naturally, it is difficult to detect easily, being rigged accurate manner."

He told concerned that the volume of counterfeit currency circulating in the market currently does not exceed 500 million dinars, while the source confirmed the central bank that the figure was far from exact, it has been seized 24 million dinars by the security services in a single operation in the possession of an employee of the Bank (Mesopotamia) in Baghdad also seized other amounts in several governorates.

The accused member of the parliamentary Economic Committee Nora Albjara "window views of involvement in counterfeiting, pointing to the existence of a regional complicity in this matter, especially from Iran, where Iraqi authorities announced seizing large quantities of counterfeit currency was in possession of an Iranian citizen wants to enter the border by land."

The MP for the rule of law Salman al-Moussawi, has reduced the "importance of counterfeit currency in circulation", and referred to it as "very small amounts and do not constitute any fear," pointing out that "there are countries that are trying to hit the Iraqi economy in this way."

As confirmed by the Finance Committee in Parliament Najeebeh Najib "reports that the central bank up to the Commission to demonstrate the existence of fraud to the local currency, and that this phenomenon has become common."

She pointed out that "the reduction of this phenomenon is through intelligence and redouble efforts to change the local currency by deleting three zeros which are to reduce the size of the banknotes in circulation."

We have already announced that the Director of Customs Region IV in Basra, Brigadier Khalaf al-Badran, set forged Iraqi currency entered from one of the neighboring countries in huge quantities to Basra and from different denominations.

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